Chapter 18
Question 38: Dudley agreed to pay Eva 6 million in two installments – an amount of 2.5 immediately and the balance of 3.5 million the following year as a divorce settlement. Divorce was final July 2014.
Question 43: 9/4/15 Time of death Alicia had:
Question 53: In 2009 Jessica created 250,000 savings account. Jessica, Keri, & Jason joint tenancy with the right of survivorship
Chapter 20
Question 20: Complete the following chart indicating the comparative attributes of the typical trust & estate by answering yes/no or explaining the differences between the entities where appropriate.
Question 24: Allwardt Trust – Simple trust; uses calendar year for tax purposes
Beneficiaries – Lucy & Ethel receive 50% each of trusts annual accounting income